Used cars for less than $20,000 have ‘nearly vanished,’ study says

Used cars are slightly cheaper these days, but prices remain nearly 50% higher than in 2019 and people have fewer options than ever before of scoring anything for less than $20,000.

Analysts at iSeeCars.com said Tuesday they analyzed prices of about 11 million used vehicles up to 5 years old and found that cars selling for under $20,000 made up about 12% of the used-car market this year, from a 49% slice of the market in 2019.

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